Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Minimum Wages

with 5 comments

There is talk among the democrats that we need to raise the minimum wage.  The reasons are beyond comprehension.  They are thinking of raising the wage to $8-$10/hour.  Why stop at $10 per hour?  Why not jut make it $20 so that all those minimum wage earners can indulge like the rest of us hard working people.   Raising the minimum wage can only get in the way of economic growth by:

  • Hurting job growth and possibly leading to increased unemployment
  • Hinders the wage earners self esteem by bringing to light they are at the bottom of the wage scale. 
  • Offers no incentive to move ahead

Of the nearly 480,000 American workers (2005) earning the minimum wage most are not classified as poor. Only one in five workers (20%) earning the federal minimum live in families below the poverty line. Another 60% only work part-time and their average household income is well over $40,000.

Minimum wage legislation is basically feel-good legislation. Giving poor people more money is GOOD, right? And many on the left would like you to believe that those making minimum wage are in fact poverty stricken.  Let the free market dictate the wage rates.  Upping the minimum wage above its current level is a bad idea.

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Written by opinionoregon

November 14, 2008 at 9:51 pm

5 Responses

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  1. When you force American companies to pay a wage that is greater than the current “market rate” for that labor, you increase the likelihood that those companies will outsource jobs to foreign workders, where labor is much cheaper. I understand that it is a feel good law, but in the long run, the democrats are only hurting the country more that helping.

    Julie Frank

    November 14, 2008 at 10:06 pm

  2. The minimum wage creates a competitive advantage for those foreign companies, providing yet another obstacle in the ability of American companies to compete globally.

    opinionoregon

    November 14, 2008 at 10:10 pm

  3. In the spirit of Obama socialism, it forces businesses to share some of the vast wealth with the people that help produce it. American businesses take in trillions of dollars every year. Is it too much to ask that they share a pittance of it with the people responsible to bringing it to them? We’ve all read or heard stories of executives with multi-million dollar bonuses, even with companies that lose money. A few dollars extra per hour for the poorest of the poor shouldn’t hurt that much.

    King Jackson

    November 14, 2008 at 10:56 pm

  4. If you ask me, the minimum wage law is just another example of government controlling our actions and destroying personal choice. Citizens do have the ability to say no to a lower wage by not agreeing to work there.

    Sally Monahan

    November 15, 2008 at 12:28 am

  5. Isn’t this why companies outsource to 3rd world nations?

    Tom Peters

    November 26, 2008 at 3:56 am


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